RATE Group | Bitcoin Price Pops to $6,745 ahead of Quarterly Futures Expiration
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Bitcoin Price Pops to $6,745 ahead of Quarterly Futures Expiration

28 Sep Bitcoin Price Pops to $6,745 ahead of Quarterly Futures Expiration

Posted at 00:36h in Bitcoin News by

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bitcoin price dolphin concept

The bitcoin price broke out of its early-week slump on Thursday, scrambling back above $6,700 to return to its weekend levels.

Bitcoin had entered the week near $6,700 after briefly extending as high as $6,815 last Friday. However, the flagship cryptocurrency took a moderate dip on Monday, a correction that ultimately forced BTC below $6,400 on Tuesday ahead of a recovery back to $6,500 on Wednesday.

bitcoin price chart
BTC/USD | Bitfinex

That’s where BTC/USD continued to trade for most of Thursday morning and afternoon, at least until 19:48 UTC when a surge in volume carried the bitcoin price from $6,549 to $6,690 in less than four minutes. At 20:02 UTC, bitcoin broke past $6,700 for the first time since Sunday and popped as high as $6,745 one minute later. As of the time of writing at 21:09 UTC, BTC/USD was trading just above the $6,700 level at $6,702 on Bitfinex.

Several traders have noted on social media that tomorrow, Sept. 28, is the date that quarterly futures expire on OKEx, BitMEX,…

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